CleanSpark stock jumps 14% on explosive 102% YoY revenue growth
CleanSpark shares climbed 14% after reporting 102% year-over-year revenue growth to $766 million for fiscal year 2025.Summary
CleanSpark stock surged nearly 14% to close Thursday at $13.45, driven by the announcement of a massive 102% year-over-year revenue increase, reaching $766 million for fiscal year 2025. The company also achieved a 43% rise in contracted power and reached an operational hashrate of 50 EH/s. CleanSpark secured a $1.15 billion 0% convertible transaction to fund future infrastructure development, signaling its strategic pivot toward becoming a leading AI compute platform alongside its Bitcoin mining operations. President and CFO Gary Vecchiarelli emphasized their disciplined capital investment and financial readiness to lead in AI infrastructure. Other miners like Cipher Mining and Bitfarms also saw stock gains amid similar industry shifts.
(Source：Crypto Briefing)